HomeMy Public PortalAboutResolution 12-25 Lease Purchase AgreementCITY OF MCCALL
RESOLUTION NO. 12-25
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF McCALL, VALLEY
COUNTY, STATE OF IDAHO, PROVIDING FOR FINDINGS AND PURPOSES;
AUTHORIZING THE MAYOR TO ENTER INTO, ON BEHALF OF SAID
MUNICIPALITY, A "GOVERNMENTAL EQUIPMENT LEASE -PURCHASE
AGREEMENT" AND A "NON -APPROPRIATION ADDENDUM" BETWEEN THE
CITY OF McCALL AND DEERE CREDIT, INC, AND PROVIDING AN EFFECTIVE
DATE.
BE IT RESOLVED by the City Council of the City of McCall:
WHEREAS, the City of McCall is authorized and has the power to lease personal
property as provided for in Idaho Code Section 50-301; and
WHEREAS, the City of McCall desires to lease personal property from Deere Credit,
Inc. in accordance with the terms of the bid proposal submitted by CESCO dated November 2,
2012; and
WHEREAS, it is in the best interests of the City of McCall to enter into a lease with
Deere Credit, Inc., an Iowa corporation, denoted as "MASTER LEASE AGREEMENT",
"STATE AND LOCAL GOVERNMENT ADDENDUM", and "NON -APPROPRIATION
ADDENDUM" for the reasons and authority for which are as set forth in the two Agreements.
NOW, THEREFORE, BE IT RESOLVED BY THE MAYOR AND CITY
COUNCIL as follows:
Section 1. Findings
1.1
The City Council of the City of McCall finds:
The Mayor and Clerk are hereby authorized to enter into and on behalf of the City of
McCall, that certain Agreement with Deere Credit, Inc, entitled "MASTER LEASE
AGREEMENT", "STATE AND LOCAL GOVERNMENT ADDENDUM", and "NON -
APPROPRIATION ADDENDUM", and to bind this City to its terms and conditions.
1.2 That the terms of the leases substantially inform are just and equitable, and said leases are
hereby approved.
1.3 The City of McCall Clerk is directed to file this Resolution forthwith in the official
records of this City of McCall.
1.4 This resolution shall be in full force and effect from the date of its passage.
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Resolution 12-25 Deere Credit, Inc Lease Agreements
November 29, 2012
PASSED by the City Council of the City of McCall this 29 day of November, 2012.
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Signed:
ATTEST:
Dona C. Bailey, Mayor
I certify that the above resolution was duly adopted by the City Council of the City of McCall on
November 29, 2012 by the following vote: Ayes: S
Noes: 0
Absent: 0
By
BessieJo a er, City Cg
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Resolution 12-25 Deere Credit, Inc Lease Agreements
November 29, 2012
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